Complex Systems Approach to Economic Dynamics
| Autor: | Abraham C.-L. Chian |
|---|---|
| EAN: | 9783540397533 |
| eBook Format: | |
| Sprache: | Englisch |
| Produktart: | eBook |
| Veröffentlichungsdatum: | 17.08.2007 |
| Kategorie: | |
| Schlagworte: | Business Cycles Chaos Economic Dynamics Nonlinear Dynamics Pattern Recognition Statistical Analysis complex system complex systems |
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Statistical analysis of stock markets and foreign exchange markets has demonstrated the intermittent nature of economic time series. A nonlinear model of business cycles is able to simulate intermittency arising from order-chaos and chaos-chaos transitions. This monograph introduces new concepts of unstable periodic orbits and chaotic saddles, which are unstable structures embedded in a chaotic attractor and responsible for economic intermittency.
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